2023 - Engineering Plastics Market Assessment, Forecast, Top Trends and Company Profiles

the global engineering plastics market on the basis of end-use industry, type, and region. The report includes detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, challenges, and opportunities. The detailed analysis of key market players provides insights into business overviews, products & services, key strategies, investments & expansions, mergers & acquisitions, and recent developments associated with the market.

The companies profiled in this research report are BASF SE (Germany) , Covestro (Germany), Solvay SA (Belgium), Celanese (US), DowDuPont (US), LG Chem (South Korea), SABIC (Saudi Arabia), Evonik Industries (Germany), Lanxess (Germany), and Mitsubishi Engineering Plastics (Japan).

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Engineering Plastics Market size was valued USD 75.39 billion in 2017 and is projected to reach USD 115.10 billion by 2023, at a CAGR of 7.2% from 2018 to 2023. The base year considered for this study is 2017, and the forecast period is between 2018 and 2023.

Key Target Audience:
• Raw material suppliers
• Engineering plastics manufacturers
• Companies in end-use industries such as automotive, packaging, electrical & electronics, consumer appliances, and industrial & machinery
• Government & industry associations
• Regulatory bodies

They outperform metals in corrosion and abrasion resistance. Engineering plastics are finding increased use in various end-use industries such as automotive & transportation, electrical & electronics, consumer appliances, and industrial & machinery.

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The increasing trend for lightweight vehicles and growing awareness about the reduction of vehicular emissions are driving the engineering plastics market in the automotive & transportation end-use industry. Competition from other polymers and lack of institutional arrangements act as restraints to the engineering plastics market.

Automotive & transportation is estimated to be the largest end-use industry of engineering plastics. It is projected to be the largest end-use industry, owing to the increased awareness for reducing vehicle weight and improving fuel efficiency. Engineering plastics are used in automotive interior, exterior, under the hood applications, and power train. The easy process ability of engineering plastics is further increasing its demand in the automotive industry.

The breakup of primary interviews is given below.
1. By Company Type - Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25%
2. By Designation - C level – 50%, Director level – 25%, and Others – 25%
3. By Region - North America – 60%, Europe – 20%, APAC – 10%, the Middle East & Africa – 5%, and South America –5%.

Order the Report of “Engineering Plastics Market by Type (Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluoropolymers), End-Use Industry (Automotive & Transport, Electrical & Electronics, Industrial & Machinery, Packaging, Consumer Appliances) - Global Forecast to 2023” Now at http://www.rnrmarketresearch.com/contacts/purchase?rname=204817.

Research Coverage:

This research report categorizes the global engineering plastics market on the basis of end-use industry, type, and region. The report includes detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, challenges, and opportunities. The detailed analysis of key market players provides insights into business overviews, products & services, key strategies, investments & expansions, mergers & acquisitions, and recent developments associated with the market.

Reasons to Buy the Report:

The report will help market leaders/new entrants in this market in the following ways:

This report segments the global engineering plastics market comprehensively and provides the closest approximations of market sizes for the overall market and sub segments across verticals and regions.

The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

This report will help stakeholders understand the major competitors and gain insights to enhance their positions in the business. The competitive landscape section includes expansions, new product developments, and mergers & acquisitions.

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